Financial Statements from the End-of-Period Spreadsheet Demo Consulting is a consulting firm owned and operated by Jesse Flatt. The following end-of-period spreadsheet was prepared for the year ended August 31, 2019: Demo Consulting End-of-Period Spreadsheet For the Year Ended August 31, 2019 Unadjusted Adjusted Trial Balance Adjustments Trial Balance Account Title Dr. Cr. Dr. Cr. Dr. Cr. Cash 11,360 11,360 Accounts Receivable 27,040 27,040 Supplies 2,870 2,410 460 Land 22,980 22,980 Office Equipment 21,630 21,630 3,000 1,430 4,430 Accumulated Depreciation Accounts Payable 7,300 7,300 Salaries Payable 350 350 Common Stock 9,100 9,100 18,480 Retained Earnings 18,480 Dividends 3,520 3,520 Fees Earned 74,230 74,230 20,550 350 20,900 Salary Expense Supplies Expense Depreciation Expense 2,410 2,410 1,430 1,430 1,430 1,430 Depreciation Expense Miscellaneous Expense 2,160 2,160 112,110 112,110 4,190 4,190 113,890 113,890 Based on the preceding spreadsheet, prepare an income statement for Demo Consulting. Demo Consulting Income Statement For the Year Ended August 31, 2019 Fees earned 74,230 Expenses: Salary expense 20,900 Supplies expense 2,410 Depreciation expense 1,290 Miscellaneous expense 2,160 Total expenses 26,760 Net income 47,470 Based on the preceding spreadsheet, prepare a statement of stockholders' equity for Demo Consulting. During the year ended August 31, 2019, $3,600 of additional common stock was issued. If an amount box does not require an entry, leave it blank. If a net loss is incurred or dividends were paid, enter that amount as a negative number using a minus sign. Demo Consulting Statement of Stockholders' Equity For the Year Ended August 31, 2019 Common Stock Retained Earnings Total Balances, September 1, 2048 Issued common stock Total Demo Consulting Statement of Stockholders' Equity For the Year Ended August 31, 2049 Common Stock Retained Earnings Balances, September 1, 2048 Issued common stock Net income Dividends Balances, August 31, 2049 Based on the preceding spreadsheet, prepare a balance sheet for Demo Consulting. Demo Consulting Balance Sheet August 31, 2049 Assets Current assets: Total current assets Property, plant, and equipment: Property, plant, and equipment: Total property, plant, and equipment Total assets Liabilities Current liabilities: Total liabilities Stockholders' Equity Total stockholders' equity Total liabilities and stockholders' equity